The High Court in London today heard how the privacy proceedings brought by Elena Ambrosiadou against her estranged husband Martin Coward have settled, after Mr Coward submitted to a permanent injunction and also agreed to pay £50,000 in damages, and costs.

Ms Ambrosiadou is founder and CEO of IKOS, a successful hedge fund. In 2010 she brought proceedings for an urgent privacy injunction after Mr Coward leaked to the press a document he had served in family proceedings which were ongoing between the parties in Greece. The document contained private and highly sensitive information about both Ms Ambrosiadou and her minor son.

In April 2011 the Court of Appeal agreed that the publication of private information contained in the Greek court document was unlawful. It approved an interim injunction to which Mr Coward agreed to submit which prevented him from publishing any further copies of the document, or any information concerning the marriage or personal relationship with Ms Ambrosiadou, or information concerning the private affairs of the parties' son.

Mr Coward has now formally admitted liability and has agreed to submit to a final injunction in similar terms to that approved by the Court of Appeal. He has also agreed to pay the sum of £50,000 in damages (which Ms Ambrosiadou is donating to the Greek SOS Children's Villages Association), together with costs.

A Statement in Open Court recording the terms of settlement was today read before Mr Justice Tugendhat in the High Court.

Ms Ambrosiadou commented on the settlement:

"My overriding concern in this matter has always been toprotectmy son's privacy, in addition to protecting my own private information. I have been vindicated by the Court's decision that Mr Coward's conduct in publishing the Greek court document was unlawful and entirely unwarranted, and by its approval of a final injunction to prevent any future intrusions.

I am also pleased to be able to donate the damages to SOS Children's Villages inGreece, which provides vital support to orphaned and abandoned children."